ERRIA Buys APM Terminals

MarineLink.com
Thursday, May 30, 2013
Bien Hoa Container depot operated by ECS has a capacity of 3,500 teus strategically located next to Bien Hoa Industry zone & Binh Duong Industry zone.

ERRIA A/S confirmed that they have acquired APM Terminal´s 51 percent stake in APM Saigon Shipping (APMSS).


APM Saigon Shipping (APMSS) is an inland container services company with about 300 employees, which annually handles and maintains approximately 350,000 containers in Vietnam.


APMSS is a 51/49 Joint Venture with "Saigon Shipping J/S Company”, where ERRIA has had a 34 percent ownershipfor more than 10 years.


ERRIA's ambition is to expand the strong position that APMSS has built up over more than 20 years and continue to serve existing customers of international container transport of which Maersk Lineis the largest.


As of today, the company is renamed "ERRIA Container Services" (ECS), and the existing General Manager, Le Ahn Tuan, remains unchanged. The new Chairman of (ECS) will be CEO Henrik N. Andersen, of ERRIA A/S.


”This transaction provides ERRIA with significant and immediate growth and ensures that ERRIA execute on its strategic ambition to grow as announced at the Annual General Meeting in April. We are excited about this long-term investment in Vietnam. Through "ERRIA Container Services" (ECS), we have found a company with the same values and an excellent management team" said CEO Henrik N. Andersen, ERRIA A/S.

 

Maritime Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

BP Freezes Pay in 2015 to Cut Costs

BP is freezing base pay across the group this year, the latest in a series of steps by oil majors to cut costs in response to sinking oil prices.   Over the past year,

Metcalf to Succeed Cox at CSA Helm

Kathy J. Metcalf will assume the role of president and CEO of the Chamber of Shipping of America (CSA), succeeding Joseph J. Cox, who will retire on May 31, 2015,

InterMoor Completes Juniper Mooring Installation Contract

InterMoor has completed a mooring and foundation installation campaign for bpTT’s Juniper gas project offshore Trinidad and Tobago, reportedly the largest foundation

Container Ships

Maersk Line Gets new AEO number

Maersk Line has been re-certified as an Authorised Economic Operator (AEO) with the AEO-F, the highest achievable accreditation in the European Union programme.

RUMBA Sails with 'Spirit of Malabo' Onboard

A container carrying the twenty-four foot Brazilian built ocean rowboat, Spirit of Malabo, left the Port of Cap Haitian on Saturday en-route to Port Everglades

Batangas Port Sets Container Record

Batangas Container Terminal (BCT) set a new record in 2014 for containers handled, says its operator Asian Terminals, Inc. (ATI).  Port handled over 98,000 twenty-foot-equivalent

Mergers & Acquisitions

Coldharbour Marine's New UK Office

Coldharbour Marine, long recognised for the design, manufacture and supply of inert gas and fluid handling equipment vessels (FPSOs) has moved into a new 25k sq.

CEVA Opens 4th Chicago Office

CEVA Logistics, one of the world's leading supply chain management companies, has expanded its market presence in Chicago with the opening of a fourth facility.

Chevron, SK LNG Trading Ink Deal for LNG Supply

Chevron Corporation today announced its Australian subsidiaries have signed a binding Sales and Purchase Agreement (SPA) with SK LNG Trading Pte Ltd (SK). Under the SPA,

 
 
Maritime Careers / Shipboard Positions Maritime Security Naval Architecture Pipelines Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.3904 sec (3 req/sec)